Quick Guide: Delaware Escheat & Unclaimed Property Laws

Posted on Tuesday, 24th August 2010 by Keane Unclaimed Property Team

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Would you like to learn some of the core concepts of escheatment and unclaimed property laws which apply specifically to Delaware?

This page provides key information regarding to Delaware State escheat laws concerning reporting & compliance.
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Posted in: Abandoned Property, Abandoned Property Law, Dormancy Periods, Escheat Law, Escheatment, Other News, Unclaimed Property, Unclaimed Property Compliance, Unclaimed Property Law, Unclaimed Property Reporting | Comments (0)

Keanotes Legislative Updates
(current through 8/17/10)

Posted on Friday, 20th August 2010 by Keane Unclaimed Property Team

Legislative Update Key

Introduced – used for Legislation
Passed – used for Legislation
Proposed – used for Regulations
Adopted –used for Regulations
Prefiled – drafted bills and resolutions to be numbered, printed, made available for public review, and scheduled for hearing before the actual start of session.

HAWAII GIFT CARD ESCHEATMENT

HB 2289
Introduced 1/22/2010, Passed 7/7/2010, Effective 7/7/2010
In order to comply with the Federal Credit Card Accountability Act of 2009, Hawaii amended its existing statute concerning gift certificates by extending the minimum expiration period for gift certificates from two to five years; limiting the imposition of issuance or activation fees; amending the definition of "gift certificate;" defining "service fee" to exclude activation or issuance fees. Read More »

Posted in: Abandoned Property, Legislative Updates, State Escheatment, Unclaimed Property, Unclaimed Property Law | Comments (0)

Dormant Account Escheat Rules:
When Client Accounts Become Inactive

Posted on Thursday, 19th August 2010 by Keane Unclaimed Property Team

Time and time again at Keane Unclaimed Property, advisory firms will come to us in an effort to avoid dormant account escheatment by finding a client who has essentially disappeared.

Maybe they’ve moved to a new address without notifying their investment firm, perhaps they’ve removed the IRA from their brokerage account or even passed on. Nonetheless, no matter what the situation, firms are constantly trying to track down clients whose accounts are inactive or even dormant. Read More »

Posted in: Dormancy Periods, Escheat Consulting, Escheatment | Comments (0)

Unclaimed Property: Are You at Risk of Escheatment?
Debbie Zumoff on Good Day Orlando

Posted on Monday, 16th August 2010 by Keane Unclaimed Property Team

Here at Keane Unclaimed Property, we continue to see a number of consumers losing valuable assets due to escheatment and are constantly working to keep them informed of their states’ abandoned property laws and the importance of keeping their accounts active.

Recently, Debbie Zumoff, Executive Vice President and Chief Compliance Officer at Keane Unclaimed Property, appeared live via satellite on Good Day Orlando to educate Florida consumers about how to keep tabs on all of their investment accounts. Click ‘Read More’ to view the segment. Read More »

Posted in: Abandoned Property, Unclaimed Property | Comments (0)

NAST/NAUPA May 2010 Annual Conference Summary
Debbie Zumoff, CCO

Posted on Friday, 13th August 2010 by Keane Unclaimed Property Team

In spectacular and scenic Salt Lake City, the National Association of State Treasurers held its annual Treasury Management Conference and Exposition which included a full track dedicated to unclaimed property issues.  While geared mainly to the primary audience of state treasurers and their unclaimed property administrators, much information was provided throughout several sessions that was informative for the holder community as well. Read More »

Posted in: Unclaimed Property | Comments (0)